TINUBU’S ZERO TOLERANCE FOR FINANCIAL CRIMES PAYS OFF — NFIU DIRECTOR
By: Safiya Abdulrahim Dabban
The Nigerian Financial Intelligence Unit (NFIU) has hailed President Bola Tinubu’s firm stance against financial crimes, following Nigeria’s removal from the Financial Action Task Force (FATF) grey list in Paris, France.
NFIU Director, Hafsat Bakari, described the delisting as a major milestone in the country’s fight against money laundering and terrorist financing. She said the move reflects Nigeria’s strong commitment to global standards in tackling financial crimes.
Nigeria was placed on the FATF grey list in February 2023 due to gaps in its anti-money laundering and counter-terrorism financing systems. Bakari noted that consistent reforms and a 19-point action plan developed with FATF and the Inter-Governmental Action Group Against Money Laundering in West Africa led to this success.